VIKING FUND MANAGEMENT LLC

13F filer, CIK 1169069, MINOT, ND

VIKING FUND MANAGEMENT LLC reported $642,294,443 across 132 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-01-17. Its ten largest share positions make up 25.54% of the portfolio.

Filed 2025-01-17 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:55 UTC13F-HR 0001169069-25-000002

Period: 2024-12-31
Reported value: $642M
Holdings: 132
Top 10 weight: 25.54%
New: 12
Sold out: 11

Largest buys vs the previous quarter

Security	Shares change	Approx. value
BLKnew	+12,000	$12.3M
TRPadded	+225,000	$10.5M
Cnew	+130,000	$9.15M
LRCXnew	+107,000	$7.73M
BMYadded	+125,100	$7.08M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
BLACKROCK INCexited	-15,000	-$14.2M
AVGOreduced	-39,100	-$9.06M
DVNexited	-213,000	-$8.33M
LAM RESEARCH CORPexited	-10,000	-$8.16M
ENBreduced	-190,000	-$8.06M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0001169069-25-000002, largest first. % of portfolio is the value over $642,294,443, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
AVGOBROADCOM INC	123,000	$28.5M	4.44%	-39,100	Timeline
NEENEXTERA ENERGY INC	295,000	$21.1M	3.29%	+27,000	Timeline
ABBVABBVIE INC	110,000	$19.5M	3.04%	-16,000	Timeline
TRPTC ENERGY CORP	382,000	$17.8M	2.77%	+225,000	Timeline
CVXCHEVRON CORPORATION	107,000	$15.5M	2.41%	+37,000	Timeline
ETRENTERGY CORP NEW	172,000	$13M	2.03%	+48,400	Timeline
BMYBRISTOL-MYERS SQUIBB CO	218,700	$12.4M	1.93%	+125,100	Timeline
BLKBLACKROCK INC	12,000	$12.3M	1.92%	new	Timeline
MSMORGAN STANLEY	95,000	$11.9M	1.86%	-5,000	Timeline
GLWCORNING INC	250,000	$11.9M	1.85%	+20,000	Timeline
PRPERMIAN RESOURCES CORP	781,000	$11.2M	1.75%	-100,000	Timeline
AEPAMERICAN ELEC PWR CO INC	120,500	$11.1M	1.73%	0	Timeline
QCOMQUALCOMM INC	72,000	$11.1M	1.72%	0	Timeline
XELXCEL ENERGY INC	160,000	$10.8M	1.68%	-2,400	Timeline
PFEPFIZER INC	384,000	$10.2M	1.59%	+40,000	Timeline
JPMJPMORGAN CHASE & CO	42,000	$10.1M	1.57%	0	Timeline
PEPPEPSICO INC	66,000	$10M	1.56%	0	Timeline
MRKMERCK & CO INC	100,000	$9.95M	1.55%	+39,000	Timeline
PRUPRUDENTIAL FINL INC	81,500	$9.66M	1.5%	0	Timeline
KMBKIMBERLY-CLARK CORP	71,000	$9.3M	1.45%	0	Timeline
CCITIGROUP INC	130,000	$9.15M	1.42%	new	Timeline
HDHOME DEPOT INC	23,000	$8.95M	1.39%	0	Timeline
PMPHILIP MORRIS INTL INC	73,000	$8.79M	1.37%	0	Timeline
NVDANVIDIA CORPORATION	65,000	$8.73M	1.36%	0	Timeline
VZVERIZON COMMUNICATIONS INC	215,000	$8.6M	1.34%	+52,000	Timeline
LNGCHENIERE ENERGY INC	39,000	$8.38M	1.3%	-9,000	Timeline
MOALTRIA GROUP INC	155,250	$8.12M	1.26%	0	Timeline
BACBANK OF AMER CORP	180,000	$7.91M	1.23%	0	Timeline
SBUXSTARBUCKS CORP	85,000	$7.76M	1.21%	-20,000	Timeline
LRCXLAM RESEARCH CORP	107,000	$7.73M	1.2%	new	Timeline
TXNTEXAS INSTRS INC	41,000	$7.69M	1.2%	0	Timeline
PSXPHILLIPS 66	67,000	$7.63M	1.19%	+32,000	Timeline
TAT&T INC	334,000	$7.61M	1.18%	+250,000	Timeline
APDAIR PRODUCTS AND CHEMICALS I	26,000	$7.54M	1.17%	-3,000	Timeline
ORIOLD REP INTL CORP	206,000	$7.46M	1.16%	+86,000	Timeline
CTRACOTERRA ENERGY INC	290,000	$7.41M	1.15%	+200,000	Timeline
TGTTARGET CORP	50,000	$6.76M	1.05%	+5,000	Timeline
XOMEXXON MOBIL CORP	60,000	$6.45M	1%	+15,000	Timeline
GPCGENUINE PARTS CO	55,000	$6.42M	1%	+5,000	Timeline
KVUEKENVUE INC	300,000	$6.41M	1%	0	Timeline
CMECME GROUP INC	26,400	$6.13M	0.95%	new	Timeline
PAYXPAYCHEX INC	43,000	$6.03M	0.94%	0	Timeline
LMTLOCKHEED MARTIN CORP	12,000	$5.83M	0.91%	0	Timeline
MCDMCDONALDS CORP	20,000	$5.8M	0.9%	0	Timeline
BTIBRITISH AMERN TOB PLC	157,500	$5.72M	0.89%	0	Timeline
BKRBAKER HUGHES COMPANY	132,000	$5.41M	0.84%	0	Timeline
AAPLAPPLE INC	21,000	$5.26M	0.82%	0	Timeline
DELLDELL TECHNOLOGIES INC	45,000	$5.19M	0.81%	new	Timeline
UNMUNUM GROUP	70,000	$5.11M	0.8%	new	Timeline
EQTEQT CORP	110,000	$5.07M	0.79%	+60,000	Timeline
UPSUNITED PARCEL SVCS INC	40,000	$5.04M	0.79%	0	Timeline
ARANTERO RESOURCES CORP	140,000	$4.91M	0.76%	+40,000	Timeline
IBMINTERNATIONAL BUSINESS MACHS	22,200	$4.88M	0.76%	0	Timeline
SWKSSKYWORKS SOLUTIONS INC	55,000	$4.88M	0.76%	0	Timeline
VVISA INC	15,000	$4.74M	0.74%	0	Timeline
TRGPTARGA RES CORP	26,000	$4.64M	0.72%	-34,000	Timeline
ENBENBRIDGE INC	104,500	$4.43M	0.69%	-190,000	Timeline
ITWILLINOIS TOOL WKS INC	17,000	$4.31M	0.67%	0	Timeline
TTTRANE TECHNOLOGIES PLC	11,000	$4.06M	0.63%	0	Timeline
VLOVALERO ENERGY CORP	32,000	$3.92M	0.61%	+13,000	Timeline
KLACKLA CORP	6,000	$3.78M	0.59%	0	Timeline
MAMASTERCARD INCORPORATED	7,000	$3.69M	0.57%	0	Timeline
GPORGULFPORT ENERGY CORP	20,000	$3.68M	0.57%	new	Timeline
BCEBCE INC	156,000	$3.62M	0.56%	0	Timeline
PBAPEMBINA PIPELINE CORP	91,400	$3.38M	0.53%	0	Timeline
FANGDIAMONDBACK ENERGY INC	20,000	$3.28M	0.51%	-3,000	Timeline
LYBLYONDELLBASELL INDUSTRIES NV	43,000	$3.19M	0.5%	+41,500	Timeline
INTUINTUIT	5,000	$3.14M	0.49%	0	Timeline
KOCOCA COLA CO	50,000	$3.11M	0.48%	0	Timeline
SLBSLB LIMITED	80,000	$3.07M	0.48%	0	Timeline
EEEXCELERATE ENERGY INC	100,000	$3.02M	0.47%	-40,000	Timeline
PGPROCTER & GAMBLE CO	18,000	$3.02M	0.47%	0	Timeline
FSLRFIRST SOLAR INC	17,000	$3M	0.47%	+8,000	Timeline
KGSKODIAK GAS SVCS INC	70,000	$2.86M	0.44%	+10,000	Timeline
AESAES CORP	220,000	$2.83M	0.44%	+12,000	Timeline
NRGNRG ENERGY INC	30,000	$2.71M	0.42%	+10,000	Timeline
CSCOCISCO SYS INC	45,000	$2.66M	0.41%	0	Timeline
WMWASTE MGMT INC DEL	13,000	$2.62M	0.41%	0	Timeline
VSTVISTRA CORP	19,000	$2.62M	0.41%	+9,000	Timeline
TMOTHERMO FISHER SCIENTIFIC INC	5,000	$2.6M	0.4%	0	Timeline
MSFTMICROSOFT CORP	6,000	$2.53M	0.39%	0	Timeline
SPGIS&P GLOBAL INC	5,000	$2.49M	0.39%	0	Timeline
LOWLOWES COS INC	10,000	$2.47M	0.38%	0	Timeline
EXCEXELON CORP	62,000	$2.33M	0.36%	0	Timeline
TSTENARIS S A	60,000	$2.27M	0.35%	-35,000	Timeline
NETCLOUDFLARE INC	21,000	$2.26M	0.35%	0	Timeline
DEDEERE & CO	5,000	$2.12M	0.33%	0	Timeline
KMIKINDER MORGAN INC DEL	75,000	$2.06M	0.32%	0	Timeline
AMDADVANCED MICRO DEVICES INC	17,000	$2.05M	0.32%	0	Timeline
UNHUNITEDHEALTH GROUP INC	4,000	$2.02M	0.32%	-6,000	Timeline
COPCONOCOPHILLIPS	20,000	$1.98M	0.31%	new	Timeline
FDXFEDEX CORP	7,000	$1.97M	0.31%	0	Timeline
VRTVERTIV HOLDINGS CO	17,000	$1.93M	0.3%	+2,000	Timeline
PNCPNC FINL SVCS GROUP INC	10,000	$1.93M	0.3%	-600	Timeline
GTLSCHART INDS INC	10,000	$1.91M	0.3%	0	Timeline
WFRDWEATHERFORD INTL PLC	26,000	$1.86M	0.29%	+5,000	Timeline
NEMNEWMONT CORP	50,000	$1.86M	0.29%	+15,000	Timeline
PTENPATTERSON-UTI ENERGY INC	180,000	$1.49M	0.23%	+70,000	Timeline
EWEDWARDS LIFESCIENCES CORP	20,000	$1.48M	0.23%	0	Timeline
CATCATERPILLAR INC	4,000	$1.45M	0.23%	0	Timeline
DINOHF SINCLAIR CORP	40,000	$1.4M	0.22%	+10,000	Timeline
ENPHENPHASE ENERGY INC	20,000	$1.37M	0.21%	0	Timeline
PARRPAR PAC HOLDINGS INC	75,000	$1.23M	0.19%	new	Timeline
TSLATESLA INC	3,000	$1.21M	0.19%	0	Timeline
SHLSSHOALS TECHNOLOGIES GROUP IN	215,000	$1.19M	0.19%	0	Timeline
NXTNEXTPOWER INC	32,000	$1.17M	0.18%	+12,000	Timeline
TPLTEXAS PACIFIC LAND CORPORATI	1,000	$1.11M	0.17%	-600	Timeline
XPROEXPRO GROUP HOLDINGS NV	80,000	$998K	0.16%	0	Timeline
HALHALLIBURTON CO	30,000	$816K	0.13%	0	Timeline
GNRCGENERAC HLDGS INC	5,000	$775K	0.12%	0	Timeline
SOBOSOUTH BOW CORP	31,400	$740K	0.12%	new	Timeline
ARRYARRAY TECHNOLOGIES INC	90,000	$544K	0.08%	-30,000	Timeline
DOWDOW HLDGS INC	9,000	$361K	0.06%	+6,000	Timeline
PBRPETROLEO BRASILEIRO S A	20,000	$257K	0.04%	new	Timeline
USBUS BANCORP	5,340	$255K	0.04%	0	Timeline
ESEVERSOURCE ENERGY	4,000	$230K	0.04%	0	Timeline
LPGDORIAN LPG LTD	9,000	$219K	0.03%	new	Timeline
RIORIO TINTO PLC	3,400	$200K	0.03%	0	Timeline
DDOMINION ENERGY INC	3,500	$189K	0.03%	+2,800	Timeline
PORPORTLAND GEN ELEC CO	4,000	$174K	0.03%	0	Timeline
STXSEAGATE TECHNOLOGY HLDNGS PL	2,000	$173K	0.03%	0	Timeline
BBYBEST BUY INC	2,000	$172K	0.03%	0	Timeline
RFREGIONS FINANCIAL CORP NEW	6,000	$141K	0.02%	+3,000	Timeline
CFGCITIZENS FINL GROUP INC	3,000	$131K	0.02%	0	Timeline
QSRRESTAURANT BRANDS INTL INC	2,000	$130K	0.02%	0	Timeline
WHRWHIRLPOOL CORP	1,000	$114K	0.02%	0	Timeline
NTRNUTRIEN LTD	2,000	$89.5K	0.01%	0	Timeline
WENWENDYS CO	5,000	$81.5K	0.01%	0	Timeline
TROWPRICE T ROWE GROUP INC	600	$67.9K	0.01%	0	Timeline
BHPBHP BILLITON LIMITED	1,000	$48.8K	0.01%	0	Timeline
CHRDCHORD ENERGY CORPORATION	400	$46.8K	0.01%	-200	Timeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INC	4,300	$40.1K	0.01%	0

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
BLACKROCK INCBLACKROCK INC	15,000	$14.2M	shares
DVNDEVON ENERGY CORP NEW	213,000	$8.33M	shares
LAM RESEARCH CORPLAM RESEARCH CORP	10,000	$8.16M	shares
CIVICIVITAS RESOURCES INC	153,000	$7.75M	shares
CMSCMS ENERGY CORP	60,000	$4.24M	shares
CVSCVS HEALTH CORP	45,000	$2.83M	shares
OVVOVINTIV INC	50,000	$1.92M	shares
DARDARLING INGREDIENTS INC	39,000	$1.45M	shares
UMCUNITED MICROELECTRONICS CORP	10,000	$84.2K	shares
DUKDUKE ENERGY CORP NEW	300	$34.6K	shares
BRYBerry Corp	5,000	$25.7K	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001169069-25-000002	base		2025-01-17	acceptance time not in the bulk data set	2026-10-07 18:25:55 UTC